Technische Analyse | Sharp Trader

Crude showing solid upward trend

Crude oil is trading sharply above its upward trend on a 4 hour time frame. This confirms that the upward trend is robust and the bias remains towards the upside as long as the price stays above this trend line. The crude price is testing the 50 day moving average which is shown in the yellow…

Technical AnalysisBy sharptrader

FTSE 100 in a sideway pattern

The FTSE 100 is trading in a sideway pattern on 4 hour time frame. This confirms that we do not have any dominating trend however, the price is trading below the downward trend line and it need to break above its trend line before it continuous its move towards the upside. Otherwise, the path of…

Technical AnalysisBy sharptrader

GBP/USD- Symmetrical triangle formed

The EUR/USD pair is trading above its upward trend line on a 60 minute time frame. This confirms that the trend is towards the upside. The price has also formed a symmetrical triangle pattern, which is ranked towards the bottom of the list in terms of them completing their projections or reliability. IF the pattern…

Technical AnalysisBy sharptrader

Gold- A bearish pattern formed

The precious metal is trading below its downward trend line on daily time frame. The price has formed a descending triangle pattern and this articulate that the bears are in constant battle with bulls to push the price lower. If the pattern breaks towards the downside, we could see the price well below the 1140…

Technical AnalysisBy sharptrader

EURO upward momentum losing its steam

The EUR/USD has been making higher highs since it has retested its low 1.0458 and now the traders want to know if we have formed a bottom and the path of least resistance is towards the upside. Certainly not, for this downward trend to change, we need to see two important shifts. Firstly, the ECB…

Technical AnalysisBy sharptrader

GBP/USD- Selling pressure continues

The GBP/USD is trading below the downward trend line on a 30 minute time frame. This represents that the trend is towards the downside. The price is also trading below the 50 day and the 100 day moving average shown in yellow and in red colour, respectively. This reflects that the bears are in control…

Technical AnalysisBy sharptrader